Euro crisis cripples government finances
Finland has joined most of the rest of Europe with a rise in its standard VAT rate to help manage the long-term effects of the 2007/08 financial crisis and subsequent Euro-currency crisis.
The primary Value Added Tax rate will increase from 23% to 24% on 1 January 2013. The rate last rose, from 22% to 23% in July 2010.
The reduced VAT rates of 9% and 13% will also increase to 10% and 14%, respectively.
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